Walmart may rise to 84.60 - 85.90

Our pivot point stands at 78.

Our preference

As long as 78 is support look for 84.6.

Alternative scenario

The downside breakout of 78 would call for 75.7 and 74.4.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 80.034 and 75.9442).

Supports and resistances

87.3 **

85.9 *

84.6 **

83.2

80.4 (USD-last)

78.9

78 **

75.7 *

74.4 **

Number of asterisks represents the strength of support and resistance levels.